Israel signs historic trade deal with UAE, its biggest with any Arab country
DUBAI, United Arab Emirates — Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of the two countries’ historic normalization deal in 2020 known as the Abraham Accords. With a stated target of increasing annual bilateral trade to more than $10 billion over the next five […]
Insecurity, energy crisis undermine 2022 economic growth projections — LCCI
By Yinka Kolawole The myriad of challenges caused by worsening insecurity and crisis in the energy sector may subdue the Gross Domestic Product (GDP) growth projections for Nigeria in 2022, the Lagos Chamber of Commerce and Industry (LCCI) has warned. President, LCCI, Dr Michael Olawale-Cole, who gave the warning at a quarterly briefing on the […]
Agri-Foodtech Female Leaders Struggle To Attract Investment
Female entrepreneurs in the food and agricultural technology industry received a tiny fraction of the $16.9 billion investment deals secured worldwide in 2018, a new report said on Thursday. Called ‘Money Where Our Mouths Are,’ it is the first-ever study to document funding inequality for women trying to pave the way in this growing, innovative sector. While […]
Zimbabwe Electricity Price Shoots Up By 320%
Zimbabwe’s power regulator has increased the average electricity price by 320%. The decision was taken to allow it to ramp up production and improve supplies amid daily power cuts. Essentially, the electricity company needs more money to pay for things like diesel to power the generators. Zimbabwe is grappling with the worst economic crisis since […]
PayPal First To Drop Out Of Facebook Cryptocurrency
Payments firm PayPal has become the first company to pull out of an alliance that is trying to launch Facebook’s digital currency Libra. PayPal made the announcement in a statement on Friday, but did not specify what had prompted the decision. Libra, and its digital wallet Calibra, were revealed by Facebook in June. But the […]
SA, Nigeria Begin Bi-National Discussions
Two of Africa’s largest economies, South Africa and Nigeria, are today expected to renew longstanding bilateral ties during the ninth Session of the Bi-National Commission (BNC). International Relations and Cooperation Minister Naledi Pandor is hosting her Nigerian counterpart Geoffrey Onyeama ahead of Nigerian President Muhammadu Buhari’s state visit on Thursday. In her opening remarks on […]
Namibia Introduces Visas On Arrival
Tourists from 47 countries no longer have to apply for visas in advance before leaving their countries for tourism, visiting, or transiting through Namibia. This was announced yesterday by home affairs minister Frans Kapofi at the launch of the ‘Visa on Arrival’ pilot project held at Hosea Kutako International Airport (HKIA). This project aims to […]
Ghana Aims For Safer Skies With New Aviation Laws
Ghana recently spent $275 million expanding and modernising Kotoka International Airport located in the capital city, Accra. This is part of its plan to attract eight million tourists annually by 2027. A significant increase from the 1.2 million people who visited the country in 2015. Given that most of these tourists will arrive in the country by air, attracting […]
A New Cold War
Last week, the 12th US-Africa Business Summit, a high-level event attended by 11 African heads of state and government and some 1,000 business leaders, was held in Maputo, Mozambique. During the three-day event, US officials unveiled a USD 60 billion investment agency which will seek to invest in low and middle-income countries, with a special […]
Mozambique To Launch The Largest Fisheries Company In The Country
The largest fishing and aquaculture project in Mozambique, with an investment of around 100 million US dollars, is nearing its conclusion in the town of Moma, on the coast of the northern province of Nampula. The undertaking, visited on Tuesday by Nampula provincial governor Victor Borges, claims that it will provide jobs for around 2,000 […]
Iyanuoluwa Isinkaye: 
Rachael: 
Maryam: 